Three Families from Thailand have made it onto this year’s Forbes Asia’s 50 Richest Families list, all having amassed more wealth since last year.
The highest entry on the list for Thailand is the Chearavanot family, the owners of the Charoen Pokphand Group (CP Group) who have an impressive bank balance of $36.6 billion (1.2 trillion baht.)
Last year the Chearavanot family ranked second on the list however this year they fell two places to fourth despite getting richer by $8.9 billion.
The CP group makes their money from agribusiness, retail and telecommunications, two of their most well-known businesses are 7-Eleven stores here in Thailand and True Move mobile phone services.
Thailand’s Second richest family is the Chirathivats who own Central Group which many of you will recognise from Thailand’s biggest Shopping centres.
The Chirathivats came in 10th spot on the list with a bank balance of $19.3 billion (637.2 billion baht) increasing their wealth from 2016 by $5.5 billion.
The Third richest family in the kingdom is the controversial Yoovidhya family, the owners of Red Bull whose heir is currently on the run following a fatal hit and run.
Diversifying their business the Yoovidhya family now own hospitals, real estate and sports teams and boast a bank balance of $13.1 billion (432.5 billion baht) and sit in 22 spot on the list.
The number one spot on the list went to the Ambani family from India, the owners of Reliance Industries who have the eye watering bank balance of $44.8 billion.
Source : Coconuts
Content : LovePattayaThailand